ADHI KARYA Correlations
| KM6 Stock | EUR 0.01 0.0005 4.17% |
The current 90-days correlation between ADHI KARYA and Apple Inc is 0.3 (i.e., Weak diversification). The correlation of ADHI KARYA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
ADHI KARYA Correlation With Market
Average diversification
The correlation between ADHI KARYA and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADHI KARYA and DJI in the same portfolio, assuming nothing else is changed.
ADHI |
The ability to find closely correlated positions to ADHI KARYA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADHI KARYA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ADHI KARYA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ADHI KARYA to buy it.
Moving together with ADHI Stock
| 0.65 | APC | Apple Inc | PairCorr |
| 0.67 | APC | Apple Inc | PairCorr |
| 0.68 | APC | Apple Inc | PairCorr |
| 0.63 | APC | Apple Inc | PairCorr |
| 0.75 | AMZ | Amazon Inc | PairCorr |
| 0.79 | ADH2 | Air Canada | PairCorr |
Moving against ADHI Stock
| 0.55 | MTO | Mitie Group PLC | PairCorr |
| 0.52 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.52 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.44 | CXT | Carmat SA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between ADHI Stock performing well and ADHI KARYA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ADHI KARYA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APC | 1.06 | 0.07 | 0.01 | 0.24 | 1.36 | 2.28 | 6.17 | |||
| APC | 0.91 | 0.05 | 0.00 | 0.20 | 1.28 | 1.91 | 7.12 | |||
| APC | 1.19 | 0.04 | 0.00 | 0.18 | 1.23 | 2.96 | 8.21 | |||
| MSF | 0.94 | 0.01 | (0.01) | 0.13 | 1.34 | 2.20 | 9.25 | |||
| MSF | 0.94 | 0.00 | (0.01) | 0.13 | 1.32 | 2.27 | 9.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ADHI KARYA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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